Numonyx
Acquired by Micron Technology
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Numonyx Snapshot
Hello, Numonyx. The company, a joint venture of Intel and STMicroelectronics, makes NOR flash memory devices, which are used in cell phones, digital still cameras, MP3 players, and PCs. Intel and ST combined their unprofitable flash memory businesses in 2008 in the hope that economies of scale will improve the bottom line. Francisco Partners Management invested $150 million to help get the joint venture off the ground. Numonyx has operations worldwide. The company's name is inspired by the word "mnemonics," the art of assisting or improving memory.
